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SLB to reorganize and cut more positions, Reuters reports

SLB (SLB) is reorganizing certain functions within its business and continuing to reduce its workforce, Liz Hampton of Reuters reports, citing a source familiar with the matter and an internal email. SLB will create a new performance function, led by a new chief performance officer, according to Reuters. It was not immediately clear how many workers would be laid off as part of the reorganization, it added.

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